Awareness about the benefits of insurance cover appears to be growing in rural India. A recently released survey by the National Bank for Agriculture and Rural Development (Nabard) on financial…
Medi Assist, a leading player in India’s Third Party Administrator (TPA) sector, is gearing up for significant growth as it consolidates its position in the fragmented market through strategic acquisitions.…
Surveyors, Loss assessors and Claim adjusters have distinct functions. Clubbing these three categories of functions into one group serviced by the same person/s will not only be prejudicial but also…
This has reference to the Authority's letter ref No IRDAI/NL/Anl/Crop Ins./2/2016-17 dt 09.02.2017. Keeping in view the importance of Crop Insurance and related Schemes introduced by the Government, the existing…
Ahmedabad Ombudsman Centre Case No. NIA / 1 / 166 Mr. Dhiren C. Shah Vs. The New India Assurance Co. Ltd. There were four Claims under 4 different Policies. Out…
"Because I could" carried an image "Oh ! I too, should have" Of late numerous incidents of fraudulent fire claims have been reported and many insurers all over the world…
1. The landslides in Wayanad, Kerala (July, 2024) are reported to have caused widespread loss to human lives, property (homes and businesses) and infrastructure. 2. All Insurance Companies are advised…
In my last article, *Insurance Phobia* published in the *Insurance Times*, I enumerated various aspects of why people are afraid of insuring as they feel that insurance is not a…
A Comprehensive Framework for Policyholder Rights and Transparent Claims Process The Insurance Regulatory and Development Authority of India (IRDAI) has recently released a master circular to strengthen the protection of…
Abstract Right of the victim to claim compensation from the tort-feasor to the extent of damage caused to the property or injury suffered by a person is not only a…